At what point does exchange of contracts happen for sale conveyancing in Coleford and am I required to be at the lawyers branch?
Where you are near to one of the conveyancing solicitors in Coleford you are invited in to sign contracts. That being said, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and give as equally comprehensive and professional a job for you when dealing with you by post or email. The signing of the contract is not the important part. Signing on the dotted line is just a prerequisite for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Coleford)to be in the office at the appropriate time.
We wanted to use a property lawyer in Coleford for our house purchase. Our financial adviser has since advised us that our bank Platform Home Loans Ltd won't deal with them. Why is this not regarded as unduly restrictive?
A lender will require a panel solicitor act for it. Borrowers are expected to meet the cost of this. Try using our tool to get a quote from a solicitor to carry conveyancing in Coleford on the Platform Home Loans Ltd member panel.
I am assisting my niece sell her house in Coleford. Will the solicitor commission the energy assessment or it is for me to see to?
Following the demise of Home Information Packs, EPC’s was left as a mandatory part of moving property. An energy performance certificate needs to be to hand in advance of the property being advertised. It is not something that lawyers normally organise. If you are instructing a Coleford conveyancing practitioner they might help arrange EPC’s due to their contacts with long established Coleford providers
Is it the case that all Coleford conveyancing solicitors on the Skipton conveyancing panel are regulated by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Skipton conveyancing panel they would need to be regulated by the SRA. The majority of lenders do permit licenced conveyancers on their panel in which case such firms would be governed by the Council of Licensed Conveyancers.
I can not fathom if my mortgage offer requires a lease extension. I have called my Coleford building society branch on various occasions and was told it does not affect the mortgage offer and they will lend. My Coleford conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the property lawyer is on the bank approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My wife and I have a renovated Edwardian property in Coleford. Conveyancing practitioner represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the matching address. Is it worth asking Coventry Building Society to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Coleford and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing solicitor who conducted the purchase.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Coleford is where the house is located. Can you shed any light on this issue?
Flying freeholds in Coleford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coleford you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coleford may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.